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11 January 2025 | 7 replies
Even though your PMA expires in two months, you may be able to terminate earlier if the agreement allows.Follow the Terms: Send a written notice of termination as specified in the PMA.
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8 January 2025 | 5 replies
If the structure on the property is determined to have no value, be careful when you consider paying the “value of the land”.The value of raw land is different than the value of land with an existing structure, even if the structure has no value.
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5 January 2025 | 39 replies
If you can dump this property for break even, I would make that move as soon as possible.
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1 February 2025 | 14 replies
It will take that long to foreclose even if they find out.
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13 January 2025 | 9 replies
I wouldn't invest anything until you have ownership from your father even if that takes time. 3.
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8 January 2025 | 7 replies
.)- All in Cost = Cost to build * Square foot - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost accounts for agent fees and closing cost- Initial List Price = Sales price + 10% A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.
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2 January 2025 | 30 replies
Even if you are right about the rankings, i would not advocate using a single OTA.
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9 January 2025 | 6 replies
Even if they do, they also may not let you borrow enough to purchase and renovate a property.
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9 January 2025 | 16 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
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7 January 2025 | 24 replies
Legal violations and penalities(fines) even if you have accounting software to track the difference.